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I'm sure Disney is hurt by the loss of their park revenue, but at least some of that has to be made up for by skyrocketing pay for view Disney kids' movies because of all the kids home from school that aren't allowed to go out into the world for entertainment.
How much long term damage depends upon how fast the scientists can figure out just exactly what Covid is doing and how to stop it.
I've got no problem with risking an infection if all that means is I have to take a week's worth of pills and there are no other consequences. I'd take my kids to Disney of I could get them vaccinated with a good reliable vaccine before we go.
Last edited by oregonwoodsmoke; 04-27-2020 at 12:12 PM..
Disney loses tens of millions of dollars per day with parks closed (16 billion a year in gross revenue), it is their #1 source of revenue. 16B/365 days is 43 MILLION a day.
So will patrons risk going there? Sure, people are ignorant.
Will revenues return? Definitely NOT 16B a year for 2020.
Will Disney get sued by patrons/employees for exposure?
These are the issues Disney needs to consider. The cash is crucial, people certainly need to work...........but do people really need to go to Disney? Me, I'd pass as I have been there many times and really wouldn't risk the exposure. Theme parks aren't exactly the cleanest places, lots of slobs visiting, you have to touch lots of stuff from food trays/ride handles/ride line railings etc.
IF I was looking to go, I'd try to get there first day only. Place would be the cleanest possible after the shutdown, least amount of exposure. The way kids lick/touch everything I wouldn't bring a kid there any time soon.
I'd bet they launch some type of program "Disney's WonderClean" or something to assure visitors it is ok. Wipe down rides/stuff constantly and the crowds will return. Heck they probably have been printing "Disney themed facemasks" to sell!
I'm waiting for them to say they're bankrupt due to it while their top execs bring home a million a year...
Quote:
Originally Posted by Cloudy Dayz
Six Flags could have rebuilt the park. The park was insured. But they elected not to rebuild it, because it was not in their financial best interest to do so. Likewise Disney could decide that it's is not in their financial best interest to reopen.
Again anything is possible. This is a nationwide disaster. After any disaster, some businesses never reopen again, and the ones that do, often take a long time to reopen. Anyone who thinks the country is just going to open back up, and everything is going to be normal again, is in for a big disappointment.
I've never been to the one in Florida but imagine how many houses could be built on the property if they did close.
Quote:
Originally Posted by msgsing
What else could Disney do? Disneyland here is so jam packed especially in the evenings during parades and fireworks that you are literally just inches away from other people. Waiting in line for an hour to go on a ride and exposing yourself to something contagious. No thanks. Even if and when Corona has ebbed sensible people aren’t going back in droves.
I was there in 1988, it was pretty crowded then. I can't imagine going to a theme park now with the massive amounts of people.
Six Flags could have rebuilt the park. The park was insured. But they elected not to rebuild it, because it was not in their financial best interest to do so. Likewise Disney could decide that it's is not in their financial best interest to reopen.
Again anything is possible. This is a nationwide disaster. After any disaster, some businesses never reopen again, and the ones that do, often take a long time to reopen. Anyone who thinks the country is just going to open back up, and everything is going to be normal again, is in for a big disappointment.
No, anything is not possible. Disney is not going to close their parks for good. They are extremely profitable. During the 80s, a majority of Disney's profits came from the theme parks. With movies and tv shows currently being shut down, Disney isn't going to get rid of their cash cow.
They don't have anything to rebuild like Six Flags. It might take Disney a week or two to get everything up and operational again, but they will eventually be reopening.
I'm sure Disney is hurt by the loss of their park revenue, but at least some of that has to be made up for by skyrocketing pay for view Disney kids' movies because of all the kids home from school that aren't allowed to go out into the world for entertainment.
How much long term damage depends upon how fast the scientists can figure out just exactly what Covid is doing and how to stop it.
I've got no problem with risking an infection is all that means is I have to take a week's worth of pills and there are no other consequences. I'd take my kids to Disney of I could get them vaccinated with a good reliable vaccine before we go.
I posted this in one of the threads in the health section.
VOORHEES – Virtua Health has reported “remarkable” recoveries for the first New Jersey residents to receive plasma transfusions for the treatment of COVID-19.
Two patients at Virtua Voorhees Hospital “are steadily recuperating from critical cases of COVID-19 after receiving convalescent plasma transfusions in the first week of April,” the health system said in a statement Tuesday.
"In just over a week, both individuals were successfully taken off ventilators and later discharged from the intensive care unit to the general medical floor," said Dr. Lukasz Polisiakiewicz, a Virtua physician who led a team of specialists in the effort.
Two patients — a 61-year-old man and a 63-year-old woman — who received convalescent plasma treatment for COVID-19 earlier this month were released from Virtua Voorhees Hospital this week, the health system announced.
What else could Disney do? Disneyland here is so jam packed especially in the evenings during parades and fireworks that you are literally just inches away from other people. Waiting in line for an hour to go on a ride and exposing yourself to something contagious. No thanks. Even if and when Corona has ebbed sensible people aren’t going back in droves.
Exactly. This is what people don't understand. How much would Disney have to reduce their capacity to comply with social distancing regulations? 95%, 96%? Would Disney really be willing to operate their parks at a 95% plus drop in revenue? I think not. Then there would be the question of if people would actually come back. People are just not comprehending how much this is going to hurt the economy for the foreseeable future.
The article caught my eye because my brother (a huge Disney fan) was telling me yesterday that Disney is polling some people (sorry, I don't know which people, and I have no source). Disney is asking people if they would come to their parks if they operated at 75% capacity. What about 50% ? Or 25% ?
They probably polled season pass holders, especially those with Florida resident passes. I've gotten a few emails over the past few days asking me to answer questions about openings. I just got one today from school asking to fill out a Google form on the possibility of summer school.
I would think opening up to locals at a reduced capacity would be part of their reopening plan. I know I'd be more open to going to place if I knew they were reducing the amount of people I'd be around, and taking steps to ensure social distancing was in place.
A financial analysts who is getting paid a lot of money to give investment advice to people all over the world for over 20 years, with a 76.19% success rate. So there is about a 76% chance he is right, and if he is wrong, it might be longer then that.
He's a financial analyst.
The closure of Disney facilities is ultimately predicated on a epidemiology. He has no expertise whatsoever in epidemiology. And he has no expertise whatsoever in predicting responses to a global pandemic on the level of the one we're currently experiencing, because the only one in the last century which comes even remotely close in scale to this one occurred way back in the 1950s. So his 20 years of success are completely irrelevant to COVID-19 and businesses responding to it.
At any rate, a third-party's opinion does not warrant a thread headline declaring that something is going to happen.
BS. Tipranks.com. By the way: “past performance does not indicate future results”. You know what a stock analyst is? Anyone who wants to assert that they are a stock analyst. Following stock analysts is a good way to go broke.
I've never been to the one in Florida but imagine how many houses could be built on the property if they did close.
If they left Orlando it would crush the whole area..........Disney World, Orlando is the largest single point employer in the USA. So 77,000 people in one town would be instantly unemployed, followed by likely another 77000 people indirectly employed due to Disney's presence (vendors/subcontractors/support businesses). There would be a whole lot of people that can no longer stay in Orlando. Nobody would build on that land for decades since the real estate market would tank.
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